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$475,000

2701 Fm 637, Corsicana, TX, 75109

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths2,881 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.87 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesMicrowave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Lot Size1 acre

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN41498
SubdivisionE Kirkland Abst
Land UseResidential
Legal DescriptionABS A10469 E KIRKLAND ABST TRACT 14A 1.0 ACRES
Census Tract970701
Assessed Land Value$50,000
Assessed Improvement Value$271,343
Assessment Year2026

About this property

Bring your vision to life at Happy Ours Farm! Located at 2701 FM 637 in Corsicana, this unique 18.25-acre property offers the charm of country living with plenty of possibilities. The 2-bedroom, 2-bath home features a second living space that could also be used as a bedroom, home office, or hobby room. Once known as Happy Ours Farm, this unique property offers an opportunity for a new owner to bring its former charm back to life and create something of their own. The acreage features two ponds, a greenhouse, two workshops, and an existing storm shelter, with abundant wildlife adding to the appeal of the country setting. Improvements include a new roof in 2024, along with new doors, windows, a covered porch, sidewalks, and decking completed in 2021. The property is ag exempt and conveniently located near Richland Chambers Lake. Whether you envision gardening, enjoying the outdoors, pursuing hobbies, or simply having room to spread out, this property offers plenty of space to make it your own.

Investor Tools

$0Estimated Mortgage Balance
$386,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$293/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,591
$321,343
2026
$50,000
$271,343
$321,343
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,591
$321,343

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$386,000
100%
0%
$0/mo

City: Corsicana

2701 Fm 637 | Property Details | No Agent List